Commenting on the disqualification, Cheryl Lambert, Chief Investigator at the Insolvency Service, said:Directors who do not maintain adequate accounting records or do not deliver them up to a liquidator can expect to be investigated by the Insolvency Service and enforcement action taken to remove them from the market place.

IT is important to note businesses are still obliged to keep accounting records for six years from the end of the accounting period they relate to in case HMRC pay you a visit, irrespective of whether records are held digitally or not.

Today, those systems contain critical shortcuts, custom settings and preferences; an operating system registry full of links to peripheral devices; and installed software and program files and business-critical data such as billing and accounting records, customer proposals, presentations and databases.

Due diligence is conducted by potential buyers up to a month before auction day where qualified bidders can inspect property up for sale, conduct soil or subsurface tests, examine accounting records and conduct other necessary examinations.

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